Word: galleryful
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Years passed, during which Fisk's endowment dwindled while the art market went into warp drive. In 2005 the school's president, Hazel O'Leary, came up with an idea that could not only pay to renovate the frayed campus gallery where the Stieglitz Collection has languished but also pump...
So the sales are controversial, but they go on. In recent weeks Sotheby's has been bringing down the hammer on scores of works from the Albright-Knox Art Gallery in Buffalo, N.Y. The museum is shedding older pieces, like a Shang Dynasty bronze vessel that went for $8.1 million...
There was another kind of uproar in Philadelphia in November when Thomas Jefferson University announced it was going to sell--for $68 million--one of the touchstones of 19th century American painting, The Gross Clinic by Thomas Eakins, who spent nearly all of his turbulent career in Philadelphia. It didn...
In its defense, Jefferson University can offer that it's a university, not an art gallery. Its first responsibility is to the needs of its medical college. Fisk president O'Leary argues something similar. "The major collection we're investing in," she says, "is our students." Still, channeling any money...
No doubt, the temptation offered by the hypertrophic art market can also promote institutional laziness. Why come up with other ways to raise money when whatever paintings you have in hand are a potential and easily accessed gold mine? Jock Reynolds, director of the Yale University Art Gallery, says Fisk...